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maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this country are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who
maybe the government is simply making a peace savings. i do know seniors cannot save $5 billion without someone paying the price. melissa: thank you. be sure to watch the tom sullivan show this weekend. have all wonderful weekend. happy friday, everyone. we will see you back here on monday. ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone,...
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fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this can be good for economic development for more and better jobs coming to michigan. we have watched what has gone on in indiana with more companies look
fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to...
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they go on the government payroll, and if they stay a couple of weeks employers replace them. they put somebody else on the payroll. there were ordinarily hourly workers who didn't get to work and filed for unemployment, but by and by this is not an unemployment creator. >> you know, jared, i have a question for you here. first, i do want to mention a little detail from the report. the job creation numbers for october and september were revised downward. the obvious answer is the books were cooked by a chicago guys. if you want to offer an apology to jack welch, i'll let you do that. >> i decidedly do not. what's your question, sir? >> it's an open invitation. >> the serious question i have for you is i know this is something you've been looking at and writing, and it's the effect of long-term high unemployment like we've been having on wages. can you tell us what you see there? >> i will. i will. let me underscore one point below that. this is not a stellar jobs report. you mentioned the downward provision. the decline in the unemployment rate didn't come because of more jobs
they go on the government payroll, and if they stay a couple of weeks employers replace them. they put somebody else on the payroll. there were ordinarily hourly workers who didn't get to work and filed for unemployment, but by and by this is not an unemployment creator. >> you know, jared, i have a question for you here. first, i do want to mention a little detail from the report. the job creation numbers for october and september were revised downward. the obvious answer is the books...
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we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity at the airports to safeguard our system in the future. the obama administration and this congress have been great partners throughout this process, and we are grateful. the cost will be high, but it would be unfathomable in terms of the cost of lost productivity, disabled economies, and a fractured transportation networks should we fail to make those investments. the road ahead will be a challenge, but with the help of the government, we know that recovery is possible. thank you for holding this hearing, senator. >> we know well we are neighbors
we will rebuild but we need the government's help. the port authority receives no taxpayer money from either your or new jersey. we rely solely on user fees and all those revenue streams have their limitations. we are assessing exact costs of repair and recovery, but our needs are enormous. we face hundreds of millions of dollars in immediate repairs and billions of dollars to install projects such as protecting an elevating electrical substations at the airports as well as additional capacity...
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it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they start companies there that compete with companies here. that's a big focus in washington and hopefully there will be broad bisupport when the congress reassembles in jn after they get through the whole fiscal cliff issue and focus on making sure we have the right entrepreneur policies so we can remain the world's most trurl nation. that's what will drive economic growth up from 2%, driving unemployment down from 8% or so. that will ensure our competitiveness in what's now a more competitive world. we have to double down on entrepreneurs. it is the secret sauce that's built the american economy. >> what ab
it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they...
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what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that peri
what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve...
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he said the bigger government gets the smaller god gets. >> what? >> stephanie: and leon is only getting larger. >> leon is getting larger! i can make a hat. i can make a broach a pterodactyl. you like movies about gladiators. [ laughter ] >> stephanie: jim demint does not like women talking about abortion on the internet. he literally tried to shut down the internet. trust me you can't stop the inter webs. >> that would be enough about that. >> stephanie: pig. how could you stop anybody from talking about anything on the net. ♪ you are an idiot ♪ >> stephanie: demint says america is turning into iran after president obama's election. >> what jim demint wanted to do to the internet is what iron does to the net. >> stephanie: good point. a rare moment of adding something to the show. chris lavoie. [ applause ] >> stephanie: he said probably the most heart wrenching experiences i have had is when naturalize citizens come up to me and say why are we doing what so many have fled from? >> germany? germany has universal health care. >> yeah. what the
he said the bigger government gets the smaller god gets. >> what? >> stephanie: and leon is only getting larger. >> leon is getting larger! i can make a hat. i can make a broach a pterodactyl. you like movies about gladiators. [ laughter ] >> stephanie: jim demint does not like women talking about abortion on the internet. he literally tried to shut down the internet. trust me you can't stop the inter webs. >> that would be enough about that. >> stephanie:...
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there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll see as we get closer and closer to it, we'll see who is running the show and i'm sure there will be new fresh faces out there and some of the old folks as welcoming out and talking about republican governance and fighting for lower ta lower taxes and less spending. >> here is harry reid's comeback. >> there's some confusion about who is the quarterback. of course, that is quite common when you don't have the white house. but there's no doubt who the quarterback is on the democratic side. the quarterback is the president of the united states. and unfortunately he keeps throwing interceptions. and we're moving backward and backward and backward towards the goal line. >> well, morri
there are people who can talk about republican governance and why it's better and why we should lean towards that but until you have that, it's tough to rise to the level of the gravitas of those in the white house. this whole notion that we're some discome bob lated party, we took it on the election and there will be scrambling around after a big loss like that. but we've got some voices out there and we'll see as we get closer and closer to it, we'll see who is running the show and i'm sure...
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that is the constitution, limited government, fiscal responsibility economic freedom. republican establishment is not clearly making that case. it is now up to conservatives to do that. demint will be leading charge. jon: he is the hero of the tea party which did so much damage to liberals in the 2010 election. >> done so much damage to themselves. harry reid would all agree would not be in the senate if not for the tea party nominating sharron angle, not not a strong candidate. delaware, todd aiken in missouri. tea party done a lot of damage to republican party. you would probably have senate republican leader mitch mcconnell if not for the tea party. to monica's point, jim demint will create problems from somebody like john boehner. >> as he should. >> wants to desperately cut a deal but probably won't be able to because his own caucus won't go along with it. >> if the republican party stuck to their core principles of limited government and fiscal restraint there would be no need for a tea party. thanks to jim demint, you named a couple of candidates that were weak,
that is the constitution, limited government, fiscal responsibility economic freedom. republican establishment is not clearly making that case. it is now up to conservatives to do that. demint will be leading charge. jon: he is the hero of the tea party which did so much damage to liberals in the 2010 election. >> done so much damage to themselves. harry reid would all agree would not be in the senate if not for the tea party nominating sharron angle, not not a strong candidate. delaware,...
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russia sent weapons to the syrian government. they protected the syrian government in the u.n. that does appear it could be changing. secretary of state hillary clinton met with russian foreign minister sergei lavrov yesterday in dublin and officials described it as a good meeting, a positive meeting. there seemed to be a an air of compromise in this meeting. past meetings have been hostile with very negative, with little done. both sides yelling at each other, arguing with each other. according to officials this past meeting seemed to be much more constructive. there seemed to be effort to find common ground. where that will actually lead in terms of ending the violence in syria is still very much unknown, martha. martha: boy, that is what diplomacy is all about and it sounds like it's in the works. hopefully it will work in a positive direction. now in terms what is going on the ground there, conor, we know assad's strongholds have been threatened. how close are the rebels to crashing in on those? >> reporter: we're getting lots of different information. it's tough to sort of
russia sent weapons to the syrian government. they protected the syrian government in the u.n. that does appear it could be changing. secretary of state hillary clinton met with russian foreign minister sergei lavrov yesterday in dublin and officials described it as a good meeting, a positive meeting. there seemed to be a an air of compromise in this meeting. past meetings have been hostile with very negative, with little done. both sides yelling at each other, arguing with each other....
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government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impac
government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a...
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>> i think the elections have cons 0 againsts and the electorate has chosen divided government. they expect compromise and expect it from both sides. i don't think republicans should move on tax increases without significant movement on entitlements. >> you want to get something in return but go ahead and offer it. and right now they're not offering it. >> in order to get something done, people expect to get something done. both sides have to come to the middle. elections have consequences. both sides are going to have to give. right now i think you need to see significant reform on entitlements. >> maggie, who should own the entitlement plan, though? i do feel like we are -- we know a plan will get done, right? there's a small deal that punts us and we have the debt ceiling, or there is the big deal that maybe actually provides some relief. the big deal, who should open the entitlement? you do it, mrmt. and they're going, whoa, whoa, whoa, i'm not having this fight with my own base. >> i think that's the problem, right? in terms of who should own it. neither side, and i think t
>> i think the elections have cons 0 againsts and the electorate has chosen divided government. they expect compromise and expect it from both sides. i don't think republicans should move on tax increases without significant movement on entitlements. >> you want to get something in return but go ahead and offer it. and right now they're not offering it. >> in order to get something done, people expect to get something done. both sides have to come to the middle. elections have...
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if you were in support of more government you got a positive score. if you were in support of less government you got a negative score, which seems completely contrary for what you would expect for republicans. >> that's certainly one line we've heard. you guys that lost your positions were too conservative or too tea party but others are saying because you guys went out of your way not only to vote against leadership but seemed like you were trying to embarrass them at times. what do you say about that? >> that's totally ridiculous. this is not a conservative versus liberal thing. there are people like me in congress who are out there, representing the vast majority of americans who want us to balance our budget. it's not a matter of who is willing to work with democrats or republicans. for example, i have a balanced budget amendment to the constitution that has 14 democratic co-sponsors. it's one of the most popular bipartisan budget proposals out there. it's not about who will work with democrats or who will work with republicans who are who is too
if you were in support of more government you got a positive score. if you were in support of less government you got a negative score, which seems completely contrary for what you would expect for republicans. >> that's certainly one line we've heard. you guys that lost your positions were too conservative or too tea party but others are saying because you guys went out of your way not only to vote against leadership but seemed like you were trying to embarrass them at times. what do you...
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it funds the government for less than a week. what are you going to do for the rest of the year and to address the real problem which is run away federal spending. >> steve: the president has not made in public any -- presented in i plan. okay, this is how we're going to fix entitlements going forward. at least you guys have done that. >> it really is stunning if you think about it. this president just won a big election and you would think that he would want to lead. but he hasn't put anything forward to solve this problem. this is the biggest crisis facing the country right now. republicans have put plans out there dealing with entitlement reform, tax reform, things that would get the economy growing again which would solve a lot of these problems. the president said in thinks post election press conference that most important thing to him was jobs and the economy. well, then he turns right around and says, i want to raise taxes by $1.6 trillion. they seem to be very contradictory objectives. >> steve: it does seem his objectiv
it funds the government for less than a week. what are you going to do for the rest of the year and to address the real problem which is run away federal spending. >> steve: the president has not made in public any -- presented in i plan. okay, this is how we're going to fix entitlements going forward. at least you guys have done that. >> it really is stunning if you think about it. this president just won a big election and you would think that he would want to lead. but he hasn't...
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government. federal government sent them a notice. 25 were compliant. the other 25 were toast. >> the justice department of this week. that's right. >> the day that both measures kicked in, in washington state and colorado the justice department said we wanted to remind everybody the illegal substance under federal law. we have no choice but to enforce the law and it's also to congress to change the law. were they bluffing? >> this is like al smith, the governor of new york said federal government, this is your prohibition. you try to enforce it. in america today, bill 99% of all marijuana arrests are at the local and state government level. federal government only arizona big mrarpz. entails they are not going to be knocking door to door and sniffing or anything? >> no. let alone the idea they are going to interfere. back in 2010 when that lost boy 3 percentage points, the idea the federal government was going to interfere with the sacramento state government. >> these are the first two states i
government. federal government sent them a notice. 25 were compliant. the other 25 were toast. >> the justice department of this week. that's right. >> the day that both measures kicked in, in washington state and colorado the justice department said we wanted to remind everybody the illegal substance under federal law. we have no choice but to enforce the law and it's also to congress to change the law. were they bluffing? >> this is like al smith, the governor of new york...
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that government can't count the amount of workers in government is a little bit beyond the pale and maybe -- >> revised it down? >> from minus 13 to minus 51. i don't know what you call it, 38,000 downward revision. and they revised up the private sector in the month of october, so that was good. the other thing it's very hard for me to believe here that there is not a sandy effect in that i see a minus 22 and a minus 20 on construction. mark, would you just chime in on that? i mean, i guess what -- even if hampton is still there, i don't know, they said no sandy effect, but i'm seeing a minus 42,000 on construction and goods producing. how can that not be? >> no. i think that's some of the sandy effect coming through. with katrina what the bls did is they made some adjustments for the fact that they got a lot fewer respondents from the people who were affected by the storm and my guess is this go-around they decided no to the do that for whatever reason, wait for other data to come in. once we get that data coming in, they will revise down. what you're seeing in the construction jo
that government can't count the amount of workers in government is a little bit beyond the pale and maybe -- >> revised it down? >> from minus 13 to minus 51. i don't know what you call it, 38,000 downward revision. and they revised up the private sector in the month of october, so that was good. the other thing it's very hard for me to believe here that there is not a sandy effect in that i see a minus 22 and a minus 20 on construction. mark, would you just chime in on that? i...
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there is a sense of a balance between government and the govern, and that's the good news. the not-so-good news or the big question mark is whether they can take that general attitude and translate into a political arrangement that has some stability and legitimacy. and what we've seen is that hasn't happened yet, and that's the thing that's playing out. and we don't have a lot of influence over it. we can basically say -- we can incentivize them to do some of the right things, conditioning economic aid from the imf or the united states on pluralism and something that looks like a democratic process. but at the end of the day, egyptians are going to have to work it out, and it's going to be awfully important because people should never forget, this is a quarter to a third of the arab world, and cairo is one of the great centers of the arab and islamic world. what happened here is repercussions that go far beyond the borders of egypt. >> no doubt about it, they are the leader of the arab world. mika, also fascinating just to look at what's going on to see that the army, whic
there is a sense of a balance between government and the govern, and that's the good news. the not-so-good news or the big question mark is whether they can take that general attitude and translate into a political arrangement that has some stability and legitimacy. and what we've seen is that hasn't happened yet, and that's the thing that's playing out. and we don't have a lot of influence over it. we can basically say -- we can incentivize them to do some of the right things, conditioning...
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. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's s
. >> an added wrinkle to the fiscal cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling,...
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government. italian yields are right now contained at 4.58%.iy ig govern. italian yields are right now contained at 4.58%. ig governme. italian yields are right now contained at 4.58%.ig governmen. italian yields are right now contained at 4.58%. government. italian yields are right now contained at 4.58%. weaker than expected manufacturing levels. temporary factors, but it may well impact the fourth quarter gdp figures. so there will be talk of risk of a triple dip in the uk as a result. euro-dollar already weakening substantially after trichet was pretty bearish with their forecasts. they didn't cut rates. let's get a recap then on what's happened with the final trading day of the week. in asia, the final time this week. >> thank you, ross. asian bourses finished the trading week on a mixed thoet. shanghai composite gained a strong 1.6% today and up over 4% on the week. stocks related to infrastructure xwr growth continue to surge after they look to boost inventment demand by over $6.4 trillion over the next decade. agriculture stocks surged
government. italian yields are right now contained at 4.58%.iy ig govern. italian yields are right now contained at 4.58%. ig governme. italian yields are right now contained at 4.58%.ig governmen. italian yields are right now contained at 4.58%. government. italian yields are right now contained at 4.58%. weaker than expected manufacturing levels. temporary factors, but it may well impact the fourth quarter gdp figures. so there will be talk of risk of a triple dip in the uk as a result....
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government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study that, too, mark. i know i did. one of the later editions, there is a chapter on how taxes effect business spending. we go into a very gory detail about how negative this can be. if the dividend tax is going to go up, a lot of firms would be hurt significantly by that. they would be paring back their capital spending in anticipation of higher taxes in the future. businesses will look to the future when they decide what they're going to do. they are not investing. you see it's in the investment data. it is why this recovery has been so slow. businesses have a lot of ca
government spending is above what it was before the recession. business investment, that area is what continues to lag. in your view, do you think raising taxes on the two marginal rates as well as capital gains dividends, does that encourage more business investment in the economy? >> the threat of those increases is a very big negative. mr. brady, one of the things economists use when they teach graduate classes is something called the handbook of public economics. you had to study...
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but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment and see how high we can crank up tax rates in this country without it hurting economic growth. they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have some humilit
but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment...
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we are the only major government agency that is not headquartered in washington, dc, and both the fact that we're not in washington as well as the date that we were established, tells you something about our history. in 1946, troops were returning home from europe and the pacific after world war ii. the joy of their return was tempered by public health concerns about what might be arriving with them. would their homecoming also reintroduce diseases that had been erased from the national scene? in the southeastern part of the united states, up until well into the 20th century, this was an area that had malaria. there was a lot of concern that as soldiers returned from areas, particularly in the pacific, which were high-incidence areas for malaria, that as they came back to military bases in the southeast, that there was a possibility that they would reintroduce malaria into the mosquito populations around those military bases, and so a little unit was established in atlanta, being that it was the largest city in the southeast, to make sure that those mosquito populations were kept under
we are the only major government agency that is not headquartered in washington, dc, and both the fact that we're not in washington as well as the date that we were established, tells you something about our history. in 1946, troops were returning home from europe and the pacific after world war ii. the joy of their return was tempered by public health concerns about what might be arriving with them. would their homecoming also reintroduce diseases that had been erased from the national scene?...
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oo the current investigation you see government waste.. - hotline.. 410-662-1456. or... go to fox- baltimore dot com...///. you... can read... about a mulli-billion dollar... homeland sscuritt grant .... hat's... beenggused... to 13- snowcone... machines... 3two homes... remain... condemned .../ in... the... butcherr hill in... downtown baltimmre...///. paul gessler... officials....abouu their it's been more than two weeks since those two homes n madeira strret on tte west side of patterson park were condemned.and, still... baatimore's department of public works is investigating the cause. these homes between gough nd pratt hhve sunk severaa inches. facadd...cracks in rick, gaps in wwndows and big red public nottces to keep out on the fron engineers havv been on site several times. wayne marcinko:"if the will potentially affect me, it how far thissproblem exists underground and how far it will go up the streett" city and private engineers pontinues to investigate.they & wwter.but, right nnw... hey d still donnt knowwthe source. ppul gessler, fox45 ews at as the universit
oo the current investigation you see government waste.. - hotline.. 410-662-1456. or... go to fox- baltimore dot com...///. you... can read... about a mulli-billion dollar... homeland sscuritt grant .... hat's... beenggused... to 13- snowcone... machines... 3two homes... remain... condemned .../ in... the... butcherr hill in... downtown baltimmre...///. paul gessler... officials....abouu their it's been more than two weeks since those two homes n madeira strret on tte west side of patterson...
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some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit. he said it was unclear. that probably means it will go to the deficit. as you know they are having a hard time right now finding other things to cut in terms of spending. so while there are people who need it, that's going to be another major issue moving forward. how the federal government will spend about $50 billion when right now we are pretty much broke, neil. >> incredible. they know it is a nonstarter. do they not care? >> it is probably going to end up, as you know, you have seen this before, folded into the rest of the negotiat
some of that local and state governments. an interesting other point is some of the governors tbr -- from the region were here at the white house. they are talking about requesting emergency spending of about $50 billion. now that is important to get the resources, but at a time when we are talking about the fiscal cliff, soaring deficits and whatnot i asked whether or not that will be paid for. they will come up with other budget offsets or the emergency money will go straight to the deficit....
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this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates. >> give me an example? >> i'm not sure where the democrats are because they have not offered a plan. >> their plan is to keep the bush tax rates from 2001, 2003 forever. make them permanent. top 2% let them go from 35% to 39.6%. >> it's incredible we're even talking about it because it doesn't solve the problem. >> it's a beginning. >> it runs the government for five or six days. >> but it's a beginning. a billion here, a billion there winds up being real money. >> the president has kno
this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as...
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we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort inns and quality inns is expanding their brand right here in america. why now? we'll ask ceo and president steve joyce about that and moving up the dividend payout to before the end of the year. david: but, first, on fox business the ceo of tmx group, this is the parent of the toronto stock exchange. you've heard about how the banks in the canada avoided a lot of the subprime mess that our banks got into it. well, the banks getting involved directly in the stock market. tom is going to tell us how and whether or not there are some hidden problems for the banking communi
we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort...
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residential investment and government infrastructure, which is way down from historical levels, and business structures investment, that's important, but the locomotive that pulls our economy is investment in equipment and software. whether it's for an oil cater in the basis or a high-tech start-up buying servers and routers and things of that nature. it's our reduced level of capital investment that's produced our low gdp growth rates and our high unemployment. and high tax rates at the corporate level worldwide are directly related to high unemployment levels. you've got to stimulate investment in the united states and a lower corporate tax rate and a so-called territorial system where you don't tax profits made, say, from selling disposable diapers in china to chinese citizens. has to pay a tax to come back in the united states. >> let me get your take, fred. everything you say makes a lot of sense. yet, here we are on the edge of this fiscal cliff. we're not sure what will happen. many people predicting we'll go over the cliff. if we go over the cliff and the automatic spending cuts take
residential investment and government infrastructure, which is way down from historical levels, and business structures investment, that's important, but the locomotive that pulls our economy is investment in equipment and software. whether it's for an oil cater in the basis or a high-tech start-up buying servers and routers and things of that nature. it's our reduced level of capital investment that's produced our low gdp growth rates and our high unemployment. and high tax rates at the...
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in the government who's focused on government list. he outlines things he doesn't believe are appropriate. i just want to tell the viewers what we understand about the zombie conference. apparently, we paid, dhs gave grants to first responders -- look at this. [laughter] we gave grants to first responders to go get counterterrorism training, and they did, and they attended this five-day summit. and one of the things that was offered here was the zombie training exercise, but now under the microscope they're saying, oh, the taxpayer money didn't actually fund this particular piece of the conference, but in any event, coburn says, look, the money's finning bl, it's ridiculous. >> i actually interviewed senator coburn, and he made a fantastic point about this. by the way, i think he's a here are for -- hero for digging into this stuff. we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public eve
in the government who's focused on government list. he outlines things he doesn't believe are appropriate. i just want to tell the viewers what we understand about the zombie conference. apparently, we paid, dhs gave grants to first responders -- look at this. [laughter] we gave grants to first responders to go get counterterrorism training, and they did, and they attended this five-day summit. and one of the things that was offered here was the zombie training exercise, but now under the...
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not the government service but the cost of the government service. >>> jim iuorio, let's talk about these fiscal cliff expectations. are you seeing anything in this debate, jim, that you think of as investable, actionable, right now? >> well, sure. we tend to think of this as a binary event. either we come to a solution or don't come to a solution. i say that's not the case. there's three different things. one we come to a solution the market accepts and likes, one that it hates or we go over the fiscal cliff. one that the market hates and going over the fiscal cliff seem more likely to me. either one will be an economic drag. i like procter & gamble, big companies with good cash flow that are somewhat recession proof. >> thank you very much, jim iuorio. >>> in the weeks before christmas, not a creature was stirring. not even the house. accept, of course, on twitter where one of the top trending words is cliffmas. in a fiscal cliffmas used in a tweet from the reformed broker, josh brown. according to the congressional daily, the hill, illinois senator dick durbin also jumped on the phrase
not the government service but the cost of the government service. >>> jim iuorio, let's talk about these fiscal cliff expectations. are you seeing anything in this debate, jim, that you think of as investable, actionable, right now? >> well, sure. we tend to think of this as a binary event. either we come to a solution or don't come to a solution. i say that's not the case. there's three different things. one we come to a solution the market accepts and likes, one that it hates...
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to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the notion that the congress will introduce term limits is on display in a redesign of fantasyland. let's say we do go over the cliff and instead marginal rates go up on their ridge. this doesn't have to be a devastating blow to the economy. doesn't capital at some point find a way to make money? >> all i can tell you is when i came into parliament with margaret thatcher as prime minister the top rate of tax was 92% on the ridge and england was dealing its way into the ocean. margaret thatcher dropped it in the first month to sixty% an
to force government to shrink itself. this is the only way they will do that in my opinion, to have strict term limits for politicians in the future, single term limits so that politics is a duty and no longer a career by buying votes with voters money in perpetuity and that is what the fiscal cliff is all about. is sucking money in a huge transfer from the private sector to big government and big government is totally destructive to the economy and the morale of the nation. dennis: i think the...
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Dec 6, 2012
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government sununu said democrats, quote, aggressively got out the base of their base. the base of their base that's dependent, to a great extent, economically on got policy and government programs, seeming to echo governor romney's 47% remarks. that same evening paul ryan appeared to reject governor sununu's comments, though he didn't address them directly. >> these attempts to divide americans into our voters and their voters, let's be really clear, republicans must steer far clear of that trap. >> joining me now, cnbc contributor tony frat owe and former white house deputy press secretary under president george w. bush and managing partner at hamilton place strategies kiki mclean, senior adviser to the 2008 hillary clinton presidential campaign. good morning. >> good morning. >> tony, do republicans sit back and wish governor sununu would quit talking? >> not only is it offensive to a large part of the lack trat, it happens to be wrong. republicans did very well and in fact governor romney did very well among lower income voters. so it's wrong but we shouldn't be tal
government sununu said democrats, quote, aggressively got out the base of their base. the base of their base that's dependent, to a great extent, economically on got policy and government programs, seeming to echo governor romney's 47% remarks. that same evening paul ryan appeared to reject governor sununu's comments, though he didn't address them directly. >> these attempts to divide americans into our voters and their voters, let's be really clear, republicans must steer far clear of...
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this report comes a day before the government releases its closely watched job survey. there are reports that hiring sank last month because of sandy. >>> a new study shows if taxes go up on upper-income americans, the passage of proposition of 3 -- of proposition 30, raised the tax rate for california's highest income earnser -- earners to 13.3%. if the bush cuts expire at the end of the year, that would brick the overall tax rate for higherners in rainfall -- high earners to 51%. >>> this afternoon, president obama will visit a family in northern virginia. he will be talking about the importance of congress extending tax cuts for middle- klaas americans. it's all -- middle-class americans. it's tall about taking action to avoid the fiscal cliff by the end of the month. >>> back here, san jose police investigating a dadly hit and run. last night a man believed to be in his 50s was killed while crossing the intersection at white and kimby roads. he's the -- qwimby roads. the investigation continues. >>> and essex street is opening back up after being closed by a violent
this report comes a day before the government releases its closely watched job survey. there are reports that hiring sank last month because of sandy. >>> a new study shows if taxes go up on upper-income americans, the passage of proposition of 3 -- of proposition 30, raised the tax rate for california's highest income earnser -- earners to 13.3%. if the bush cuts expire at the end of the year, that would brick the overall tax rate for higherners in rainfall -- high earners to 51%....
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>> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with the president and solve this. >> reporter: they could be hit the hardest and i will have more about it during my next update on ktvu channel 2 morning news. >>> they are looking at grant money from the environmental protection agency. each student could be awarded a large sum of money. stanford's group wants to disinfect drinking water in bangladesh. in april they go to washington d.c. to prevent their work to a panel of scientists and the winner gets a second grant up to $90,000. >>> local governments are asking the president to create a new no ocean drilling in a 50- mile area from sonoma to mendocino count
>> 135 government workers in california could lose their jobs if there is no deal on those spending cuts that kick in at the end of the month. they say not only to plan for the cuts but that has changed. they are preparing to slice about 10% of their budget. experts are looking at 135 defense employees could lose their jobs but experts say there is still time to reach a deal and avoid those major lawsuits. >> nobody wants to reach a deal more than i. i will be ready to sit down with...
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it's still illegal in the federal government's eyes. they had a celebration in front of the space needle. miguel marquez is joining us with an update on how that went last night. >> reporter: good morning. it went very well from their perspective, even though it was cold out and started to rain. didn't dampen their spirits very much. it was one of many, many parties across the state as they say the first revolutionary step was taken. ♪ >> reporter: anything less than an ounce no longer illegal in washington state. >> it's amazing. i'm not a criminal anymore. i can't go to jail for small amounts of marijuana. i'm free to be free. >> reporter: several dozen hard core smokers showed up here at the base of the space needle, symbol of the city and of the state to light up at the stroke of midnight. and while the new law does not allow smoking in public places, seattle police and police departments across the state are turning a blind eye tonight, allowing celebrations to light up. this is what you assume the stores will look like, or somet
it's still illegal in the federal government's eyes. they had a celebration in front of the space needle. miguel marquez is joining us with an update on how that went last night. >> reporter: good morning. it went very well from their perspective, even though it was cold out and started to rain. didn't dampen their spirits very much. it was one of many, many parties across the state as they say the first revolutionary step was taken. ♪ >> reporter: anything less than an ounce no...
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where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both sides agree that you need to do both. just a question of how much. >> we need to do both to do a deal. i don't think both sides dwre that it's the right thing to do. just to get a deal done. >> i think moderates in both parties -- >> people on the right think we're plenty big. and there
where they are and you shrink government down to where it pays for it. does it matter for the future and for growth which way you do it in your view? >> it does. if you put it all into like a tightening, so how much tightening occurs in the economy that would slow the economy, it's far better to actually reduce government spending than it is to actually raise taxes. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most --...
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the syrian government may use against theirns own people. they have loaded gas into bombs syrian air fields. the use of chemical weapons could trigger retaliatory action from the united states. investigators need your help people stealing tires and rams from cars in arlington. off --have been taken and rims. investigators have few leads at they believe the nightnt happened late at and they are looking for at two suspects. when was the last time you used a pay phone? michael bloomberg wants to give pay phones a high-tech makeover. expires and less than two years. is encouraging new yorkers to ideas and build a prototype. there are more than 11,000 pay phones in new york city. they use them during the storm because cell phone service was down. some places you never see them go. a chilly start this morning. temperatures much closer to our seasonal averages. hill with the microphone. >> we are 26 minutes from sunrise. a live look around the city from the rooftop camera. substantially cooler than yesterday. degrees colder than yesterday morning.
the syrian government may use against theirns own people. they have loaded gas into bombs syrian air fields. the use of chemical weapons could trigger retaliatory action from the united states. investigators need your help people stealing tires and rams from cars in arlington. off --have been taken and rims. investigators have few leads at they believe the nightnt happened late at and they are looking for at two suspects. when was the last time you used a pay phone? michael bloomberg wants to...
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live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> stev
live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends"....
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these are guys who went to congress not to limit government but to stop it. so what are you going to do? we've got five democrats, five republicans who range from dick durbin of illinois, great progressive democrat, and coburn of oklahoma, a progressive conservative, and five dems, five republicans, one independent, that's a super majority. and for god's sake, the reason we were so successful is we effectively pissed off everybody in america. >> congratulations, sir. kudos. kudos to you. >> good morning. it's thursday, december 6th. welcome to "morning joe." with us on set, msnbc political analyst, former democratic congressman, harold ford jr. >> mr. professor. >> good morning. >> professor. >> and we have former treasury official and "morning joe" economic analyst, steve rattner. >> financier. >> rattner is here. i like -- and we have to go back to that. it's the truth. >> it is! >> money is money. >> in washington, msnbc and "time" senior political analyst, mark halperin. >> we saw him on the streets of d.c. yesterday, and he was very cagey. >> the mean st
these are guys who went to congress not to limit government but to stop it. so what are you going to do? we've got five democrats, five republicans who range from dick durbin of illinois, great progressive democrat, and coburn of oklahoma, a progressive conservative, and five dems, five republicans, one independent, that's a super majority. and for god's sake, the reason we were so successful is we effectively pissed off everybody in america. >> congratulations, sir. kudos. kudos to you....
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i say let's get out the government grilled cheese. let's go live in our cardboard boxes and go over the cliff. i am so sick of these spoiled rich people! they're a bunch of spoiled rotten babies! i'm cooking up the government grilled cheese. we're going over the cliff! >> buckle up, here we go! >> bill: buckle up, here we go. i'm with you joey. that's the best strategy. sometimes, as i said to the president last night on your behalf hold the line! hang tough! stick to your principles. this time we got them! two years ago, it was a different scenario. two years ago i wish he hadn't done it but i understand why. the president felt that he had to cave in. not this time! mr. president, as i told him last night hold the line! when we come back, karl rove and dick morris, are you going to miss them? michael calderone from "huffington post" will tell us what that's all about. >> announcer: this is the "bill press show." the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at t
i say let's get out the government grilled cheese. let's go live in our cardboard boxes and go over the cliff. i am so sick of these spoiled rich people! they're a bunch of spoiled rotten babies! i'm cooking up the government grilled cheese. we're going over the cliff! >> buckle up, here we go! >> bill: buckle up, here we go. i'm with you joey. that's the best strategy. sometimes, as i said to the president last night on your behalf hold the line! hang tough! stick to your...
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that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you make of this about-face and philosophical change and approach to the middle class. you buying it? >> well, it's not an about-face, not by a long shot. there is not much compassion in either of those conservatives. and you know, i think what mr. ryan and mr. rubio must think is, you know, that movie, "men in black"? there have been three "men in black" movies, and i think one of the coolest things about that movie that most people remember is that little device that erases people's memories. well, i think that paul ryan and marco rubio must believe that all america
that too many people want things from government. but i'm still convinced that the overwhelming majority of our people, they just want what my parents had -- a chance. >> i'm joined by congresswoman debbie wasserman schultz tonight, of florida, chairwoman of the dnc. great to have you with us, congresswoman. >> great to be with you, ed, thank. >> now, those are two key players there on the republican party. one was on the ticket, the other was a florida senator. what do you...